Shell Asset Management Co. Increases Holdings in Stantec Inc. $STN

Shell Asset Management Co. boosted its holdings in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 27.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,192 shares of the business services provider's stock after purchasing an additional 6,756 shares during the period. Shell Asset Management Co.'s holdings in Stantec were worth $3,387,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of STN. Wealth Preservation Advisors LLC purchased a new position in Stantec during the 1st quarter valued at about $26,000. GHP Investment Advisors Inc. purchased a new position in shares of Stantec during the 1st quarter worth approximately $85,000. Banque Cantonale Vaudoise purchased a new position in shares of Stantec during the 1st quarter worth approximately $99,000. Jones Financial Companies Lllp grew its holdings in shares of Stantec by 1,504.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider's stock worth $162,000 after acquiring an additional 1,836 shares during the period. Finally, Cigna Investments Inc. New purchased a new position in shares of Stantec during the 2nd quarter worth approximately $222,000. Hedge funds and other institutional investors own 63.86% of the company's stock.

Stantec Stock Performance

Shares of STN opened at $111.29 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.44. The business's 50 day moving average price is $108.91 and its 200-day moving average price is $102.01. Stantec Inc. has a 52 week low of $73.18 and a 52 week high of $113.50. The stock has a market cap of $12.70 billion, a P/E ratio of 40.62 and a beta of 1.04.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued its quarterly earnings results on Wednesday, August 13th. The business services provider reported $0.98 EPS for the quarter, hitting analysts' consensus estimates of $0.98. Stantec had a return on equity of 19.03% and a net margin of 5.62%.The firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.64 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Equities research analysts anticipate that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.1635 per share. The ex-dividend date is Monday, September 29th. This represents a $0.65 annualized dividend and a yield of 0.6%. This is a positive change from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio (DPR) is 24.09%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on STN. Wall Street Zen downgraded Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Weiss Ratings reiterated a "buy (b)" rating on shares of Stantec in a report on Saturday, September 27th. Finally, CIBC reiterated an "outperform" rating on shares of Stantec in a report on Friday, July 18th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Stantec presently has a consensus rating of "Buy".

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.

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